Home Real Estate

Real Estate

News about private equity real estate, including deals, funds, personnel moves and exits.

Americold, backed by billionaire West Coast investor Ron Burkle, is exploring a sale or IPO, the Wall Street Journal reported. Americold, which owns temperature-controlled warehouses, could be valued at more than $3 billion, or even $4 billion, the story said. The company is working with bankers to sound out interested parties while also considering a listing. Americold is a real-estate investment trust owned by Yucaipa Cos; it shelved a prior IPO attempt in 2010.
Capital Square 1031, a real estate investment and management firm, has named Mary Jo Wenmouth as a managing director. Previously, she worked at Silver Portal Capital where she served as senior vice president.
Baceline Investments has acquired two shopping malls for a combined total of $14.12 million. The transactions include the acquisition of Albuquerque, New Mexico-based Shoppes at San Mateo for $7.12 million and Louisville, Kentucky-based Shoppes at Forest Green for $7 million.
Ares Management LP said March 9 that it has acquired the DC380 logistics warehouse from Commerz Real AG. Financial terms weren’t announced. DC380, of Harlow, England, is a 389,444-square-foot distribution warehouse with office space. Berwin Leighton Paisner and DTRE advised Ares.
Grand Coast Capital Group hired David Adams, former chief operating officer of Fullerton Investors, as a managing director. Adams is responsible for business development, investor relations and sourcing co-investment opportunities.
Kayne Anderson Capital Advisors LP's real estate private equity arm said on Thursday it would buy healthcare real estate investment trust Sentio Healthcare Properties Inc (SNTH.PK) in an $825 million deal.
The Bascom Group LLC has acquired Torrance, California-based Harvard Villa Apartments, an apartment community. The price of the acquisition was $14 million.
Jernigan Capital has closed two new self-storage development investments at $20.6 million. They include $12.5 million in a proposed Atlanta-based multi-story climate-controlled 941-unit facility and $8.1 million in a proposed multi-story climate-controlled 684-unit facility in Largo, Florida.
The Magnolia Real Estate Fund and TruAmerica Multifamily have acquired Thornton, Colorado-based Fox Creek, an apartment community. The value of the transaction was $53 million.
Rockpoint Group has acquired 1221 Brickell, a Miami office building. The seller was not identified. No financial terms were disclosed. Holliday Fenoglio Fowler LP represented the owner in the sale.

Copyright PEI Media

Not for publication, email or dissemination